To: loantech who wrote (14422 ) 6/20/2005 4:36:23 AM From: labbe Read Replies (1) | Respond to of 18308 TSX TSX-VEN CDN Any US Canadian Company Press Releases ABS 2005-06-20 (provided courtesy of CCNMatthews .) register to receive future releases by email from CCNMatthews Absolut Intersects 1.48 g/t Gold Over 107 Metres TORONTO, ONTARO--(CCNMatthews - June 20, 2005) - Absolut Resources Corp. (TSX VENTURE:ABS) is pleased to announce that the Company has received further drilling results from its Phase Three reverse circulation drill program completed on the Pico Machay, High Sulphidation Gold Project in Peru. Highlights include ABS-136 intersecting 107.5m @ 1.48 g/t Au, ABS-140 intersecting 43.5m @ 1.77 g/t Au and ABS-143 intersecting 46.5m @ 1.49 g/t Au. Drillhole ABS-143 is located 125m to the northeast of the previously reported ABS-135 (30m @ 2.32 g/t Au) (see Company press release dated June 8, 2005). From hole ABS-135 the orientation of the mineralisation changes from east-west to northeast as it wraps around the contact between the dacite dome and the overlying volcanics. The strike length of the main zone to date is 600m and remains open to the northeast and west. For drill hole locations and sections please click here: absolutresources.com Drill results, calculated using a 0.3 g/t Au cut-off and up to 1.5m of internal dilution are as follows: /T/ Length Grade Hole From To (m) (g/t) --------------------------------------------------------------------- ABS-136 0.0 107.5 107.5 1.481 122.5 149.5 27.0 0.478 ABS-137 No significant assays ABS-138 58.0 61.0 3.0 0.375 74.5 79.0 4.5 0.552 85.0 91.0 6.0 0.618 97.0 101.5 4.5 0.496 ABS-139 52.0 55.0 3.0 0.365 56.5 62.5 6.0 0.434 ABS-140 25.0 68.5 43.5 1.768 79.0 82.0 3.0 0.422 ABS-141 56.5 98.5 42.0 0.526 ABS-142 4.0 16.0 12.0 1.332 26.5 29.5 3.0 0.578 35.5 44.5 9.0 0.610 76.0 97.0 21.0 0.418 ABS-143 2.5 49.0 46.5 1.486 70.0 73.0 3.0 0.310 91.0 95.5 4.5 0.697 106.0 109.0 3.0 0.530 ABS-144 0.0 2.5 2.5 0.756 ABS-145 29.5 32.5 3.0 0.605 37.0 44.5 7.5 0.946 52.0 55.0 3.0 0.568 /T/ As a reference, the Newmont / Buenaventura Yanacocha high sulphidation gold mine has an overall grade of 0.96 g/t Au and Barrick's Alto Chicama deposit grades 1.39 g/t Au. Absolut's wholly owned subsidiary, Minera Calipuy SAC has an agreement with Monterrico Metals PLC to earn up to a 75% interest in the Pico Machay gold project. Absolut has implemented a quality control program to ensure best practice in chemical sampling and analysis of surface and reverse circulation drilling samples. Analytical services are provided for by ALS Chemex Laboratories in Lima and North Vancouver. Absolut Resources Corp. is a precious metals exploration and development company based in Toronto, Canada. Absolut believes in an international best practices approach, and implements this on all its social and environmental decisions. The required qualified person for the Pico Machay Gold Project is Mr. Dan Noone, who is a member of the Australian Institute of Geoscientists. This press release contains forward looking statements. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Absolut Resources Corp. Dan Noone President & CEO (416) 214-4654 (416) 599-4959 (FAX) www.absolutresources.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Please send comments or suggestions to feedback@mplcomm.com © 1996 - 2005 MPL Communications Inc. Legal Notices Privacy Policy